Dairy Situation and Outlook August 2022 report

The Dairy Situation and Outlook August 2022 report has been released by Dairy Australia.

It shows that global milk production remains tight, but demand for dairy remains strong. Australian dairy farmers are experiencing a year of record farmgate milk prices, with favourable climate conditions forecasted. The 2021/22 season milk volumes closed 3.9% down, and are likely to remain flat for 2022/23.

Milk processors’ margins are looking ever tighter as dairy commodity prices continue to retreat. Although some success has been achieved in passing through cost increases to consumers, price rises to date remain small in comparison to the price of input costs which is likely to impact investments.

For further insights, please access the report: https://bit.ly/3RG09qx

ENDS